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Wednesday, July 26, 2017

SAN FRANCISCO, CA, July
26, 2017– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
arranged $1.5 million in acquisition financing for 2093 Mount Diablo, a 14-unit multi-housing property in Concord,
California.

HFF worked on behalf of
the borrower, PTLA Real Estate Group, to secure the seven-year, fixed-rate loan
with five years of interest only.

Chris Gandy

2093 Mount Diablo features
studio and one-bedroom units ranging from 500 to 565 square feet.The two-story property is located less than
six miles north of Walnut Creek and approximately 30 miles northeast of
downtown San Francisco providing access to some of the Bay Area’s major
employment centers via Interstate 68 and California 24.

With a Walk Score® of 93,
2093 Mount Diablo also offers residents an array of nearby local retail and
recreational amenities in the Outer Concord/Pleasant Hill submarket.

The HFF debt placement
team representing the borrower was led by director Chris Gandy.

SAN DIEGO, CA, July 26,
2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed
the sale of Summit Ridge Business Park,
a fully leased, institutional-quality flex/R&D business park encompassing
three buildings totaling 133,841 square feet within San Diego, California.

HFF marketed the property
on behalf of the seller. A private partnership
managed by Miami-based Jewell Capital, LLC purchased the asset free and clear
of existing debt.

Nick Frasco

Originally constructed in
2000, Summit Ridge Business Park is a three-building, high-finish flex/R&D
business park located in the Sorrento Mesa submarket of San Diego.

The three buildings
feature high-image exterior architecture, unobstructed canyon views, abundant
22-foot clear heights and an extensive window line that provide for ideal
tenant workspaces. The project is 100
percent leased to four tenants, including Inovio Pharmaceuticals, Nexus DX,
Acea Biosciences and General Atomics, and is strategically located in one of
San Diego’s premier innovation-centric hubs.

The HFF investment sales
team representing the seller was led by senior director Nick Frasco.

"Summit Ridge
Business Park represented a unique opportunity to acquire a high-quality,
well-located asset at an attractive basis that offers both a durable income
component and significant upside potential through near term rollover at
below-market rents,” Frasco said.

MIAMI, FL, July 26, 2017 – The Keyes Company has
announced the acquisition of the Florida offices of nationally recognized
residential firm Shorewood Real Estate.
Keyes and its Family of Companies continues to aggressively grow throughout the
state.

Shorewood has 40 agents
based in its Florida offices, which are located in Aventura and Palm Beach. The
transaction allows the Shorewood agents to take advantage of the resources,
technology, marketing, leadership and independent nature of Keyes as they
promote their properties and enjoy increased sales and listing opportunities.

Those agents will have the
choice of which of the 58 Keyes offices they work out of going forward.

“We are thrilled to join
forces with the talented team at Shorewood’s Florida offices,” said Keyes CEO Mike Pappas. “We have no doubt this
union will generate substantial growth to our Family of Companies. In a time
when real estate brokerages continue to consolidate, our independent company
keeps expanding and thriving.”

Based in Denver, Shorewood
has been honored as one of the top residential real estate firms in the U.S. It
provides real estate services in the states of Colorado, Florida and Nevada.

In 2016, Shorewood was
recognized by annual research reports REAL Trends 500 and RIS Media’s Power
Brokers as one of the top 500 residential real estate firms in the nation in
terms of volume and units. It ranked within the top fifth of the 500 firms
recognized.

SAN ANTONIO, TX (July 26,
2017) – A joint venture between AMAC Holdings and EBEX Holdings has teamed up
with property management firm United Apartment Group to acquire Crescent at Alamo Heights, a 306-unit
multifamily apartment community located in the marquee San Antonio neighborhood
of Alamo Heights.

“Crescent at Alamo Heights
enjoys a prime location within one of the most desirable submarkets in San
Antonio,” says Maurice Kaufman, a
Founding Principal at AMAC Holdings. “The property has not been renovated in
over 10 years and presents a tremendous value-add opportunity through unit
upgrades and an operational overhaul.”

Built in 1993, Crescent at
Alamo Heights sits on 14.6 lush landscaped acres and features a unit mix of
one-, two- and three-bedroom units ranging from 669 to 1,370 square feet in
size.

The units at Crescent at Alamo Heights include
9-foot ceiling heights, walk in closets, washer/dryer connections and
patios/balconies. Amenities include gated-access, assigned parking, a
pet-friendly policy, swimming pool, fitness center, laundry room, playground,
picnic area with barbecues, and a business center.

The new owners have plans
for an extensive renovation and rebranding strategy that will include both
interior and exterior improvements, as well as amenity upgrades.

“This was a very complex
transaction with a few months of negotiations with the sellers, a large tenants
in common group,” says Evan Goldenberg,
Principal at EBEX Holdings.

Evan Goldenberg

“Ultimately, the effort was worth it, as we
were able to close at a price-per-unit of $121,000. We have only owned Crescent
at Alamo Heights for a month, but we are already hearing from tenants who are
extremely excited about our rehabilitation plans, as the community has seen its
share of deferred maintenance from previous owners.”

“Investor demand is
extremely strong for well-located quick-service restaurants,” said Kent. “This
is evidenced by the fact that we were able to generate seven highly-qualified
offers within our first week of marketing efforts and we negotiated a timely
15-day escrow.”

Corey Olson

The 1,644-square-foot Taco
Bell building sits on a .34-acre lot along North Wilson Way, a major
north/south thoroughfare, which has an excess of 30,000 cars per day at the
nearest intersection.

Remodeled in 1992, the
building benefits from a large monument sign, a highly-visible street-front
location and a drive-thru.

It is also located directly across from Eastland
Plaza, a grocery-anchored neighborhood shopping center.

Other fast-food tenants
in the immediate area include McDonald’s, KFC, Burger King, El Pollo Loco, Long
John Silver’s and Panda Express.

Olson noted that Stockton
is the 13th most populated city in the state of California with 700,000 people
in the metro and the property benefited from that density with more than
280,000 people within a five-mile radius. “Additionally, many investors were
attracted to the strong lease guarantee provided by the tenant, a seasoned
operator with 33 existing franchise locations,” Olson noted.

Stephen Harper

Taco Bell Corp., a
subsidiary of Yum! Brands, Inc. (NYSE: YUM), is the nation's leading
Mexican-inspired quick-service restaurant brand. Taco Bell and its more than
350 franchise organizations proudly serve over 42 million customers each week
through 7,000 restaurants across the nation, as well as through its mobile,
desktop and delivery ordering services.

Overseas, Taco Bell has over 250
restaurants, with plans to add 2,000 more restaurants internationally within
the next decade. In 2016, Taco Bell was named as one of Fast Company’s Top 10
Most Innovative Companies in the World.

“Net-lease investors are
risk-averse and single-tenant restaurants provide stable returns, long-term
safety and are internet resistant,” Kent said. “The attraction to this investment
type is substantiated by the trade volume of single-tenant restaurants, which
accounted for 26 percent of all single-tenant retail transactions in the state
of California since the start of 2017, according to CoStar.”

DALLAS –– Dallas-based
Merriman Anderson/Architects (maa) has been selected as design development and
architect of record for the massive Grandscape development that spans more than
400-acres and will include 3.9 million square feet of retail, hospitality,
attractions, dining entertainment and residential.

The developer for the
project is Nebraska Furniture Mart, as part of the Berkshire Hathaway family.

Grandscape is currently anchored by Nebraska
Furniture Mart and is situated south of Sam Rayburn Tollway (SH121) between W.
Spring Creek Parkway and Plano Parkway in The Colony.

HTH Architects of Los Angeles is the design
architect and VCC Construction is the general contractor for the mixed-use
project.

Plans for the development
include destination retail like Scheels, slated to open in 2020, numerous
restaurants, a hotel and spa, luxury movie theater operator Galaxy theatres,
residential and office spaces and entertainment concepts, such as Andretti
Indoor Karting and Games, set to open in 2019.

The project is scheduled
to open in phases over the next several years, with the first phase scheduled
for fourth quarter 2018.

“Located in the area’s
largest growth corridor, Grandscape is a game changing development for the
Dallas/Fort Worth area,” said Jerry
Merriman, president and founder of maa.

“Our team is delighted to be part of this
exciting new destination that will impact the entire region for many years to
come.

"The opportunity to combine the mix of end-users together along with an
unmatched technological experience for visitors is invigorating for everyone
working on the project.”

Nebraska Furniture Mart

Merriman
Anderson/Architects’ stamp can be seen on master planned developments, urban
housing, office buildings, corporate facilities, hotels, hospitals, schools and
retail projects, including interiors and signage, throughout the United States
and internationally.

Headquartered in Dallas,
Texas, with additional offices in Austin, Texas and Charlotte, North Carolina,
the firm offers customized project solutions to a varied portfolio of clients.
With more than 90 employees, the firm is large enough to address broad and
complex real estate developments, yet small enough to offer personalized
service and accountability. MAA’s associates have a reputation for design
excellence as well as technical detailing.

For
more information, visit http://merriman-maa.com/, follow on Twitter
@MerrimanArch , Facebook @MerrimanAnderson or on Instagram @maa_dallas.

For more information on Grandscape, visit
http://www.grandscape.com, follow on Twitter and Instagram @GrandscapeTX or on
Facebook @GrandscapeTexas.